Question: Charles's Replacement Cost Coverage Charles recently purchased a $96,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a

Charles's Replacement Cost Coverage Charles recently purchased a $96,000 broad form

Charles's Replacement Cost Coverage Charles recently purchased a $96,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a windstorm and he suffers a loss of $76,800 If the replacement value of Charles's house is $160,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of $ |

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